Having your own personal business is a great start to everything. First of all, you need to decide if you have the necessary capital to start. There are a number of businesses that you can start from scratch with practically no start-up capital.
If you have decided on the issue of capital, now you need to choose the sphere of activity. Understanding that the field is already chosen, it is much easier to register Swiss company. There are many different types of production you can run on your own or with partners, so do a little investigation to determine which one works the best for you.
And now you are almost at the finish line — you have decided on the field, and the most important thing is to open your own company in Switzerland. How to do this? How does the process work? How long does it take? Let’s take a closer look.
Benefits of registering your company in Switzerland
The first step to register a Swiss company is to have an idea, financial resources and a well-developed plan. It is also assessed how realistic it is to implement this project in a competitive environment, in the situation that the Swiss market is experiencing at the moment.
Why should you open your business in Switzerland?
- This country has an excellent reputation and this is especially appreciated on the international market.
- Swiss banks are guarantors of security. They guarantee confidentiality and safety of funds. The safety of funds is secured by the law.
- No corruption, everything is pure and transparent.
- No double taxation with more than 100 countries. You mustn’t worry about double taxation, technical issues of conducting your business in several countries.
- Low rate of VAT.
- Real opportunity to work in the field of cryptocurrency legally.
Legal and organizational forms of business in Switzerland
It is worth deciding on the form of ownership of your company. The most popular legal forms of conducting business are:
- Private Limited Liability Company (GmbH);
- Individual Entrepreneur (Einzelfirma);
- Joint Stock Company (AG).
For example, if you choose the Limited Liability Company, you should know that this form requires at least 1 founder, and the company’s management must include a resident. This organizational form of business is the most popular variant for medium-sized and small companies in Switzerland. If you choose to be an Individual Entrepreneur, thereby wishing to legalize your income, the registration form is as simple as possible and does not require any minimal investment. To act as an Individual Entrepreneur you must have a residence permit in Switzerland and a right to work there.
By the way, if you have not decided on the direction or do not want to waste your time on it — you can buy a ready-made business in Switzerland! This is a very common way of organizing your own company.
How can a company be registered by a foreigner in Switzerland?
Specific instructions on how to start your own company are as follows:
- choose its name;
- determine the location of the company;
- draw up a memorandum of association;
- in order to open an account in the chosen bank transfer the authorized capital and get a certificate;
- register the company and enter this information into the state register (you can do this remotely);
- open a permanent account.
If you want to start your business in the form of a Joint Stock Company or Private Limited Liability Company you must take into consideration the following points. First of all you must create a unique name for your company and then you should open a bank account for the future transactions with the minimum required amount of finances. The company must also introduce its Statute to a notary. The notary will confirm the authenticity of the documents.
Any foreigner canregister a Swiss company, but remember the main condition — you must have a Swiss citizen in your company! Such a person can serve as a director, board member, representative, etc. He/she performs representative functions, in other words acts as a contact person and interacts with all government agencies.
The founder and shareholder of the company can be any legal entity or individual, regardless of residence, registration, and citizenship. The exception is real estate — this activity is strictly regulated and restricted for foreigners.
The Swiss banking system follows strict rules. It is very diverse and is represented by several types of banks. If you are really thinking about your business, we recommend that you study this question in more detail.
An efficient taxation system has made Switzerland one of the best countries in Europe for starting and running your own business. It is noteworthy that each region has the right to set the amount of taxes independently, so you must pay attention to this fact while choosing a canton for conducting your business. There are three levels of taxes in Switzerland with different rates for each of them: federal, cantonal, and municipal.
Conclusions
Having studied all the issues regarding the business, taxes, management, and other matters, you will be able to understand clearly, if it’s worth opening your company in Switzerland or not. Opening your own business is always a huge step, which requires not only finances but also confidence in your abilities. It is both a risk and an opportunity to make money. You have to be prepared for absolutely everything.
Switzerland is a great country to run your own business, because it is considered the best country to live in. It is here that the banking system is considered as one of the most reliable. Business in Switzerland means stability, high competitiveness, absence of corruption, low taxes, and transparent legal system.
Now you know everything to start your business in Switzerland achieving success and prosperity! We wish you the best of luck in your endeavors!
